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NCC receives orders worth Rs.2167 crore

News: NCC has received three new orders totalling to Rs.2,167 crore so far in November, 2021. All three orders pertain to building division and were received from a state government agency.

Views: NCC’s order book as on Q2 was at an elevated level of Rs.39,112 crore (excluding L1 in projects worth ~Rs 2,600 crore). Additionally, the company has secured orders worth Rs.2,609 crore post Q2, strengthening its order book further. We expect healthy momentum in order inflows to continue with improved traction in building, water, roads and metro and railway segments.

Impact: Positive.